FOR SALE 1 6 S T U D I O F L AT S

CENTRAL READING
K E Y F E AT U R E S O F T H I S S A L E . . .

16 Studio & 1 bed mezzanine Flats.

• 11 x 1 bed mezzanines and 5 x studios
• Central Reading Location
• Crossrail station
• Circa 20 mins into central London via Crossrail
• Gross Annual Income of circa £195,540 on ASTs
• 8.32% Yield
• Fully tenanted on ASTs
• 12 month rental guarantee of £195,540 from completion
• Purchase price OIEO £2.35M
PR OPE RT Y DE TA I L S

S O U T H E R N C O U R T, R E A D I N G

This site of 16 units comprises 11 x 1 bed mezzanines and 5 x studios.

The 1 beds offer unique mezzanine sleeping levels and high end
contemporary kitchenettes.

The building will be offered fully tenanted and will generate

an income of circa £195,540 on residential ASTs.

The freehold building could also potentially be used for student

accommodation or serviced accommodation offering a highly
sustainable long term income.
FLOOR PLANS

GROUND FLOOR GROUND FLOOR

MEZZANINE
FLOOR PLANS

FIRST FLOOR SECOND FLOOR SECOND FLOOR

MEZZANINE
 WHY INVEST IN READING?

The Southern Court property is located in central Reading. With a diverse, well educated and creative

P R O P E RT Y L O C AT I O N
population, Reading has some of the best performing schools in the UK, a red brick university leading the world in
climate change study, one of the best shopping centres in the country, and is surrounded by unspoilt countryside
and magnificent stretches of the river Thames. It was recently named the best place to live and work in the Good
Growth for Cities 2015 Index and is ranked second
for productivity (behind London) in the Centre for READING IS A GREAT PLACE TO INVEST IN A
Cities’ Cities Monitor 2016. These factors have CONVENIENT SOUTH EAST LOCATION:
created a higher than average employment level
• Reading will be on the new Cross Rail from 2019.
and a strong rental market - making these studios
ideal for Buy-to-Let as they are close to the • Reading Station is large with trains to London taking only
town centre. 23 mins and good access to the rest of the country.

• Reading is the largest town in the UK with a Population of

• 41 miles (66 km) west of central London
• 40 miles (64 km) east from Swindon
• 27 miles (43 km) south from Oxford
• 16 miles (26 km) north from Basingstoke
THE STUDENT MARKET
over 200,000 and growing fast.
In addition to a strong Buy-to-Let Market Reading
University is only 1 mile away and the Unite Student
accommodation is close by - these apartments will appeal to students who want a better quality finish - and with
university numbers increasing year on year, this is a strong market for investors
Property Prices in this specific area:
THE LOCAL PROPERTY MARKET HAS GROWN 4.7% IN THE LAST 12 MONTHS AND OVER 40% IN THE LAST 5 YEARS.
 ARRANGE A VIEWING

For more info and to discuss please contact:

sales@redbrickwealth.com
info@redbrickwealth.com
or call 0845 3888 358

As this is a direct sale we can be flexible about the selling options and would be
happy to discuss this with you. Interested parties are invited to visit the site.